- Joined
- Jun 4, 2015
- Messages
- 10,573
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- Location
- America's Heartland
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- Political Leaning
- Centrist
Trump: Give us billions in free money, bitch!
Mexico: No way, Jose!
HowardBThiname: Wow, how dare these prideful Mexicans refuse to give into our arbitrary demands!
Lol, they're "technically paying" for the wall in reduced money being sent home by illegals? How does that money land in government coffers to fund wall construction? If you reduced the money being sent by Mexican Americans to Mexican family to zero it wouldn't pay 1% of the wall.
It's a LOT of money for Mexico. Their economy depends upon it.
Migrants from Latin America and the Caribbean are sending more money to their families back home than ever before.
These annual "remittances" — as they're called by analysts — topped $69 billion in 2016, according to central bank data compiled in a new report by the Inter-American Dialogue, a Washington, D.C.-based think-tank. The money has been a lifeline for the national economies of many countries in the region since at least the 1990s, when Manuel Orozco, a political scientist who authored the report, first began tracking remittances. They climbed steadily since then, only to plummet when the Great Recession hit the U.S. economy in 2008. But they began to rise again in 2012. The 2016 tally is the highest amount on record and an increase of nearly 8 percent over 2015.
About 40 percent of the money goes to just one country — Mexico — practically all of it sent by migrants in the United States.
http://www.npr.org/sections/goatsan...the-u-s-are-sending-home-more-money-than-ever